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Negative macroeconomic statistics from the United States

Negative macroeconomic statistics from the United States | 23 Octubre 2019

23 Octubre 2019, EUR/USD

Negative macroeconomic statistics from the United States

EURUSD trading plan:

Good and bad news for the Euro. The good news is negative macroeconomic statistics from the United States. The National Association of Realtors said on Tuesday that existing home sales fell 2.2% to a seasonally adjusted annual rate of 5.38 million units last month, reversing two straight months of gains. The 30-year fixed mortgage rate has dropped more than 125 basis points since last November's peak to an average of 3.69%, according to data from mortgage finance agency Freddie Mac. The bad news is a bullish rally in emerging stock markets. The Euro is a funding currency that shows a decline in value during periods of growth of stock markets.

Trading recommendation: range 1.1090 -1.1170.

TRADE METALS WITHOUT SWAPS!

David Johnson
Analyst of «FreshForex» company
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